Trump tightens tone. Considers another attack
Donald Trump warned Iran of an escalation of the conflict in the Middle East after the attack by Houthi fighters on two Saudi commercial ships in the Red Sea.
The incident intensified concerns about the risk of disruptions in global supply chains as peace talks between Washington and Tehran stalled, and both sides mutually intensified military actions.
The U.S. President, in an interview with Axios, admitted that he is “close to making a decision” to resume large-scale military actions against Tehran.
The attack, according to the agency, would exceed the scale of the operation “Epic Fury”.
“I am considering launching a powerful attack. Bigger than ever before. I am close to making a decision. We are fully prepared for it,” he said.
The Republican highlighted that any decision would carry serious consequences and did not specify a timeframe for its execution.
He also stated that if he sought support from Prime Minister Benjamin Netanyahu, Israel “would join within two minutes.”
He emphasized, however, that the United States is ready to act alone, and Iran “has not yet felt sufficiently severe consequences.”
Trump also tightened rhetoric in posts on Truth Social, declaring that the Houthis are “puppets and/or representatives of Iran.”
“On Iran and, of course, on the Houthis themselves, who have disappointed me greatly because until now they have behaved very professionally and wisely, will be subjected to serious military sanctions,” he added.
In another post he informed that to offset any damage caused to ships, cargo, and related infrastructure, it will be covered by Iranian assets under U.S. control.
“These damages can be very significant, nevertheless it is a fair and just procedure,” he deemed.
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Dollar and euro rates on Friday, July 24
The dollar to zloty rate on Friday, July 24 is at 3,80 PLN.
“Overall volatility in the currency markets remained low this week,” analysts at ING Think said.
“Higher oil prices have not yet caused a deterioration in global investor sentiment, which would be necessary for the dollar to fully benefit from the current situation, and the hawkish correction of expectations regarding monetary policy of central banks in other parts of the world limits the impact of rising short‑term U.S. rates on the dollar exchange rate,” they added.
According to the report, economists remain cautious when formulating forecasts.
“The current low‑volatility situation is associated with significant risk if risky assets reach a critical point within the tolerance range for higher energy prices. That point may be closer than the current market calm suggests,” we read.
“In our view within the next 10 days some path must emerge leading to a renewed ceasefire, otherwise the risk of a short‑term rise in the dollar’s value could spike sharply,” added.
Chart. Dollar to zloty rate (USD/PLN)
Source: Trading Economics.
The euro to dollar rate reaches 1,13 USD.
Chart. Euro to dollar rate (EUR/USD)
Source: Trading Economics.
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Sources: Axios, Truth Social, ING Think.
